The company's net profit for Q1 stood at Rs 207 crore, up by 13.2 per cent
Revenue down 9.2 percent at constant-currency due to the coronavirus crisis – EBIT margin before special items at 6.5 percent (prior year 7.5 percent)
To head newly established unit Global Affairs Affairs
Becomes the only bearing manufacturer to develop current insulated bearings locally
Merger of INA Bearings India Pvt Ltd and LuK India Pvt Ltd with Schaeffler India Limited completed successfully
Ground breaking ceremony held for new manufacturing facility at INA Bearings
In total, 32 suppliers now meet the strict premium criteria and have their Premium Suppliers status confirmed for the next two years
Part of its ‘Mobility for tomorrow’ strategy to concentrate on selected core competencies and future fields of development